The Global Labour Charter has outlined a vision to enhance labour market flexibility, tackle youth unemployment, and ensure sustainable, inclusive growth. The second edition of the Global Labour Market Conference (GLMC) kicked off with the highly anticipated ministerial roundtable, chaired by His Excellency the Minister of Human Resources and Social Development, Eng. Ahmed bin Sulaiman Al Rajhi. Bringing together over 40 labour ministers from G20 Countries, Europe, Asia, the Middle East, Africa, and the Americas, along with the Director General of the ILO Gilbert Houngbo, the high-level meeting hosted an impactful dialogue on pressing labour market challenges and opportunities.
The meeting provided a platform for an exchange of ideas and experiences, with the ministers reviewing key trends and pressing challenges in the labour market. These discussions laid a solid groundwork for crafting practical strategies to support future transformations and strengthen the sustainability of labour markets.
At the conclusion of the meeting, the Global Labour Charter was unveiled, offering a comprehensive vision to enhance the flexibility, inclusiveness, and sustainability of labour markets around the world. The charter addresses pressing challenges such as youth unemployment, technological advancements, and workforce adaptability in an evolving global economy.
Key actions outlined in the charter include facilitating youth transitions from education to employment, equipping the workforce for the AI-driven era, and investing in human capital through skilling and reskilling initiatives. It also emphasises enhancing labour market flexibility to accommodate diverse forms of work, such as remote and part-time opportunities, while supporting job creation and the growth of SMEs.
Furthermore, the charter highlights the need to promote employment for marginalised groups, such as people with disabilities and the long-term unemployed. It advocates for the creation of a comprehensive labour market data system to track employment trends, skills, wages, and workforce demographics, ensuring informed and sustainable market transformations.
The Global Labour Market Conference (GLMC) serves as a premier global platform, uniting governments, international institutions, the private sector, and experts to shape the future of labour markets. It provides a space to anticipate upcoming transformations, propose practical solutions to current challenges, and share strategic visions that advance the sustainability and growth of labour markets on both local and international levels.
